2006-10-11 01:39:16 · 16 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
Here are the figures from an insider:
During 3.5 training contract (also called their grad progam) with a firm (assuming big-four firm i.e. KPMG, PWC, Deloitte, EY
1st yr = £22k in London, lower in other parts of UK, €21k in Dublin
2nd yr = 25K
3rd yr = 32k
4th yr = 37k
Once qualified sky is the limit. Excitement starts after qualifying.
MORE NUMBERS:
If u work within accountancy firm - big four: £48k to 55k +no bonus
If u move to investment banking: £48k base + 90% bonus =
If u move to corporate banking: £48k base +60% bonus
If u move to industry (ie finance dept of big corp like pepsi): 50k base + 20% bonus
If u move to private equity (very hard to get into straightway but after 1 year corporate/investmetn banking exp) - £65k + 100% bonus
If u didn't make it to the analyst program of an investment bank then ACA is the way to enter to Investment banking. I'll say it's a great qualification as with an ACA from big-four firm u can enter any area or company u want to. Second, international mobility - ACA is recognised in every part of the world, even though many countries have different accounting standards.
If u r first time pass-out ACA from big-four firm then it's equivalent to MBA in finance from the best schools like LBS, Insead, Harvard. Reason - an MBA would enter in an investment bank as a third year analyst, so will u. His salary 52k base, ur 48k base. Next year both of u are on similar salary.
Also an MBA can't enter all the areas of an investmetn bank but u can.
Note that the embedded assumption in above comments is that u passed ur all ACA exams in first time, and training in big-four firm.
Overall great qualification.
2006-10-12 02:05:45 · answer #1 · answered by MonteCarlo 2 · 0⤊ 0⤋
This Site Might Help You.
RE:
is accounting a really well paid job, how much does an accountant get paid?
2015-08-16 17:09:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How Much Do Accountants Earn
2016-10-07 11:04:13 · answer #3 · answered by caspersen 4 · 0⤊ 0⤋
Depends on the type of accountant and your level in the company or firm. If you are a CPA for a private firm it can be just like being a lawyer where you can be an associate, partner, et cetera. In that case it depends on the type of clients and the load the company carries. You can make a very god living (6 figures plus) depending on what you do in the field.
2006-10-11 01:47:42 · answer #4 · answered by David W 3 · 0⤊ 0⤋
It depends where you work. Some of the accountants in the large London firms get paid very well. You could work your way all the way up to Head of Finance and find your self on £100,000 per year.
2006-10-11 01:44:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
dont know much about the job but used to work in an accounts dept & the accountant there was rushed off her feet all day every day. She had to plan hols months upon months in advance & sometimes have to cancel. If you want stress - thats your job.
Very good pay though
2006-10-11 01:42:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
An accountant gets paid fairly well. Depending on where you are working the salary will vary!
2006-10-11 01:41:57 · answer #7 · answered by Kendie 2 · 0⤊ 0⤋
I know an accountant who earns £72 an hour + bonuses
2014-06-01 07:38:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
It depends upon how many clients you have. My accountant earns a blummin' fortune because he has lots of clients for whom he works.
2006-10-11 01:41:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
My wifes a lawyer and I earn more money so lawyers aren't necessarily paid more
2006-10-11 02:08:39 · answer #10 · answered by Towelie 1 · 1⤊ 0⤋